American uranium producer Energy Fuels has announced the approval of shareholders for the acquisition of Strathmore Minerals.
Energy Fuels and Strathmore have previously entered into a definitive arrangement agreement.
Under the agreement, Energy Fuels will acquire all of the issued and outstanding shares of Strathmore in exchange for Energy Fuels shares, by way of a plan of arrangement.
Completion of the deal is subject to satisfaction of various conditions, including the issuance of a final order approving the arrangement by the Supreme Court of British Columbia.
The completion of the transaction is also subject to satisfaction of some customary conditions, including Strathmore Minerals shareholder approval and regulatory approval.
Strathmore Minerals is one of the largest holders of in-ground uranium resources in the US.